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Essay / Kenya Essay - 1790
Kenya relies on many different jobs to keep its economy afloat. “Kenya's economy suffers from a high population growth rate and endemic corruption” (Content). Kenya's GDP reflects the ups and downs the country's economy has gone through since gaining independence. At the start of the country's independence, their GDP was around 6%, but it has been declining ever since. The decline in GDP is due to different variables such as high growth rates, corruption and violence. The country managed to redeem itself with a GDP of more than 5% in 2011. Kenya's currency is called the shilling. One US dollar is equivalent to $102.24 in shillings. The GDP per capita is approximately $77,705.82. Inflation is a problem that Kenya has been facing for years. Its continued rise caused it to reach 12%; but steps have been taken by the government to reduce its inflation value